Technical
Financial
Distress signals
Property profile

725 S 7Th St Louisville, KY 40203

FOR SALE
Parking lots & garages
Property ID
US34-2299857
0.17 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land opportunity presents a highly desirable 0.99-acre parcel located in the heart of downtown Louisville, Kentucky. The property, situated at 725 S 7th St, features a substantial 154-space parking lot, ideal for various commercial uses. The lot is comprised of seven contiguous parcels (APN: 029A00390000, 029A00380000, 029A00370000, 029A00360037, 029A00350000, 029A00340000, 029A00330034), offering flexibility for development or continued operation as a parking facility. Its strategic location on the corner of 7th and York Streets provides excellent ingress and egress, ensuring convenient access for patrons. The property benefits from its proximity to key landmarks including the USPS, LG&E, Gannett/Courier Journal, and numerous government services, guaranteeing high visibility and potential for strong rental income. The asking price is $1,250,000, reflecting the significant value and potential of this prime downtown location. The property is zoned PD - Planned Development, offering a range of development possibilities. This presents a rare opportunity to acquire a substantial commercial land holding in a thriving urban environment. Serious inquiries are encouraged.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.17 ac (7,579 SF)
Zoning code C2-COMMERCIAL
APN 08029A00390000
UPID US34-2299857

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Parking Lot & Garage

Location

725 S 7Th St Louisville, KY 40203
Louisville metro Census 4900 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2024
Last sale
$365,000
7 recorded transactions
2024
Price N/A
2024
$78,000
2016
Price N/A
2010
Price N/A
2007
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

C2-COMMERCIAL · Louisville, KY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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